HDFC Life Insurance Company Ltd.

UK's Standard Life has divested 4.95 per cent stake in HDFC Life Insurance Company on October 30, 2019 for a little over Rs 5,750 crore through open market transactions. The US-based Capital Group is among the buyers which picked up shares of the insurance firm. The shares were offloaded at an average price of Rs 575.15, valuing the transaction at Rs 5,751.5 crore.

In August, Standard Life had sold 6.7 crore shares, representing 3.33 per cent of the total capital of HDFC Life, at Rs 481 per share.

HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.